The estimated revenue generated from the global ready-to-drink shakes market is US$ 9 Bn in 2019, and is projected to reach US$ 16 Bn by 2028. The market is therefore projected to rise at a CAGR of ~6% between 2020 and 2028.
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Globally, functional drinks are sought after for their high protein content and their demand is likely to rise steadily over the forecast period. A key factor resulting in increasing consumption of functional drinks is the increase in the consumer spending power, especially in developing nations. Ready-to-drink shakes which constitute a category of functional drinks are available in various flavours for retail sales in the global market. Some of these flavours are chocolate, banana, strawberry, among others. The global market of ready-to-drink shakes is analyzed on the basis of various flavours. These products are available for sale in different packaging forms, like bottles, tetra packs/cartons, and cans, which offers heightened convenience. Ready-to-drink shakes are meeting the current health and wellness demand in such a way that the drinks offer high protein amount with added specialty health ingredients.
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Key Takeaways from the Ready to Drink Shake Market Study
- Obesity is one of the strong issues faced by countries such as the U.S., Canada, Australia, U.K., etc. Ready-to-drink shakes are consumed as a meal replacement to achieve the weight management by restricting the calorie intake.
- Due to the increased prevalence of the diseases and subsequently rising trend of health and wellness, ready-to-drink shakes market is expected to witness positive growth over the forecast period.
- Ready-to-drink shakes are being increasingly opted by fitness enthusiasts and athletes, since it allows avoiding the hassle of the mixing of protein powder in the liquid of choice and also the wait.
- Although, ready-to-drink shakes promise excellent results for gym goers and fitness enthusiasts, the product is still in the introductory phase in developing economies and economies are in transition stage. Therefore, because of the premium nature of the product and its expensive price, the market penetration may get hindered in emerging countries.
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Future Market Insights, in its new offering, brings to fore an unbiased analysis of the global ready-to-drink shakes market, presenting historical demand data (2014-2018) and forecast statistics for the period 2019-2028. The study divulges compelling insights on the ready-to-drink shakes market on the basis of nature (organic and conventional), packaging type (bottles, tetra packs/carton, and cans), flavour (chocolate, banana, strawberry, vanilla, and others), and distribution channel (supermarket/hypermarket, online retail, specialty stores, convenience stores, and other retail format) across six major regions.
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A recent market study published by Future Market Insights on the ready to drink shake market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2028. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Global Ready to drink shake Market Analysis and Forecast 2014-2028
This chapter includes detailed analysis of the historical ready to drink shake market (2014-2018), along with an opportunity analysis for the forecast period (2019-2028). Readers can also find the absolute $ opportunity for the current year (2019 – 2020) and incremental opportunity for the forecast period (2019-2028). This chapter provides details about the ready to drink shake market on the basis of segments. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the ready to drink shake market is anticipated to grow across North America, Latin America, Europe, Asia Pacific Excluding Japan, Japan and the Middle East and Africa.
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This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the ready to drink shake market.